M&T Bank Corporation Announces Increased Common Stock Dividend

Rhea-AI Summary

M&T Bank has announced a quarterly cash dividend of $1.35 per share on its common stock, reflecting a 4% increase from the previous dividend of $1.30 per share. The dividend will be payable on June 28, 2024, to shareholders of record as of June 3, 2024.

Positive

• Quarterly cash dividend increased by 4% to $1.35 per share.
• Dividend increase indicates strong financial health and shareholder value.
• Dividend payment scheduled for June 28, 2024, providing timely returns to shareholders.

Negative

• The increase of $0.05 per share may be considered marginal by some investors.
• Dividend growth might be perceived as slow by those expecting higher increases.

BUFFALO, N.Y., May 21, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. This represents an increase of $.05 per share, or 4 percent, from the previous $1.30 per share dividend paid in the first quarter of 2024. The dividend will be payable June 28, 2024, to shareholders of record at the close of business on June 3, 2024.

About M&T 
M&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services in 12 states across the northeastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank.

Investor Contact:
Brian Klock
(716) 842-5138

Media Contact:
Frank Lentini
(929) 651-0447

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SOURCE M&T Bank Corporation

FAQ

What is the new quarterly dividend announced by M&T Bank ?

M&T Bank announced a new quarterly dividend of $1.35 per share.

By how much did M&T Bank increase its dividend?

M&T Bank increased its dividend by $0.05 per share, or 4%.

When is the new M&T Bank dividend payable?

The new dividend is payable on June 28, 2024.

What is the record date for M&T Bank 's new dividend?

The record date for the new dividend is June 3, 2024.

What was the previous dividend per share for M&T Bank ?

The previous dividend per share was $1.30.